Electronic money is a digital store of a medium of exchange on a computerized device. E-money can be used for payment transactions, with or without bank accounts. The great advantage of course is a cashless payment system that makes money transfers of any size quick and easy.
Stripe offers a large selection of online and point-of-sale payment solutions, while WePay’s products and services are more limited in scope and mostly targeted towards online payments; although the company has recently rolled out POS support. WePay is slightly cheaper for card-not-present transactions; its fee is 2.9% + $0.25, while Stripe charges 2.9% + $0.30.
Multilateral netting offers busy AP Offices more advantages than disadvantages.
With the many digital AP management tools available on the market today, busy offices shouldn’t have to pour through hundreds or even thousands of invoices every month. A netting system makes processing large volumes of intercompany payables faster and easier, thus resulting in more efficient
Payoneer and Paysera are two global fintech companies that offer digital money transfer, online payments, currency conversion, and more. Payoneer has a concentration on digital payments for freelancers, while Paysera has a greater focus on European businesses. Although Payoneer and Paysera are rivals in the realm of payment solutions, services at one company may be missing at the other.